It looks like the market is starting to recover

Mar 18th, 2009 | By stefanie | Category: Real Estate Investing News

I am not sure if you have noticed it yet or not, but it appears that in many parts of the country the market is starting to take a positive turn. …

Yesterday, a Realtor friend of mine presented to a group on how things are changing in the Denver market and the fact that the inventory on the market is shrinking every month.  He also shared that the difference between asking price and offer price on average is only 6%.  These are all positive signs that things are starting to move and there may be a larger pool of buyers starting to invest in the market.

This is something that is not only happening in the Denver market but in other markets as well.

The Wall Street Journal also reported similar positive information.  In February the supply of homes for sale in 29 major metro areas was down .4% from a month earlier.  Comparing this year to last year in these same areas inventory was down 14% over what was on the market last year.

Change in recent housing inventory

Change in recent housing inventory

These are signs that as investors you need to watch for and be aware of.  Does it mean we have hit the bottom of the market?  I am not sure, but to me it means that people are starting to feel comfortable buying and also possibly that others have decided to stay put and don’t need to sell at this point.

Reblog this post [with Zemanta]
My Three Latest Posts
alf_and_jeanie Alf and Jeanie Gizzo have found a niche that will allow investors to obtain 3 to 4 times the typical market rent on a property and do so without a lot of the typical hassles of being a landlord. I had the opportunity to meet with Alf and Jeanie and learn about what they are doing and how others can do… Continue reading Webinar on how to get 3 to 4 times the market rent and generate some serious cash flow
alf_and_jeanie Alf and Jeanie Gizzo with Earth Walker Properties have keyed in to a special niche over the last couple of years that has allowed them to generate 3 to 4 times more rent than normal on single family properties.  Needless to say this has resulted in a substantial increase in cash flow. They have taken time to refine the process they… Continue reading Learn how to get 3 to 4 times more rent on your single family properties
twitter1I am sure that you have been hearing a lot lately about Social Networking and Social Media and how it can help establish you as an expert and drive business to you ….. well this is a very true statement. Some of you know this already and some may not, but during the time that I was MIA from Real Estate Success… Continue reading Social Media and Social Networking
Tags: housing market. housing recovery
blog comments powered by Disqus